In a dominant strategy equilibrium:
A)The players adopt strategies that maximize the joint payoffs to all players in the game.
B)Each player adopts a strategy that maximizes the payoffs to all of the other players in the game.
C)Players adopt strategies that minimize the payoffs of their rivals.
D)Every player plays their dominant strategy.
E)None of the above.

Question

Quizplus · Accepted Answer

In a dominant strategy equilibrium, each player chooses their dominant strategy, which is the best strategy for them regardless of the strategies chosen by other players. This means they play their strategy that yields the highest payoff for themselves in every possible scenario.

In a Dominant Strategy Equilibrium